14 important things you should know about Allianz Funds PRAAX mutual fund

Updated: June 29, 2020
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Before we start: if you’re looking for PRAAX “stock” price, you can quickly find it out by visiting Finny and typing "PRAAX quote". If you’re looking for a quick scoop on PRAAX "stock" (price chart, key stats, buy or sell analysis and holdings), go to Finny and look for "PRAAX". You’ll get all this info in one place.

Are you looking to buy or sell PRAAX? Or perhaps you’re looking for PRAAX fact sheet, and learn about its alternatives? If so, you came to the right place.

In this PRAAX mutual fund review, we’ll address key questions our readers have been asking us about this fund, above and beyond what you can find in its prospectus, and on Morningstar or Yahoo Finance.

Here is what you’ll be able to find in this review:

  • Fact Sheet: PRAAX performance, returns, expense ratio, holdings and dividend yield;
  • Analysis: PRAAX buy or sell; the pros and cons of investing in PRAAX mutual fund;
  • Alternatives: other ETFs and mutual funds you should consider as alternatives to PRAAX.

And here is the list of questions we’ll answer:

  1. Describe Allianz Funds: AllianzGI NFJ Mid-Cap Value Fund; Administrative Class Shares (PRAAX).
  2. What are PRAAX holdings?
  3. What is PRAAX performance? What are PRAAX historical returns?
  4. How many up and down years did PRAAX have historically?
  5. What is PRAAX dividend yield?
  6. What is PRAAX minimum initial investment amount?
  7. What is PRAAX expense ratio?
  8. Does PRAAX have any sales loads or 12b-1 distribution expenses?
  9. What is PRAAX tax efficiency (tax-cost ratio)?
  10. What is PRAAX beta? How would you assess PRAAX risk?
  11. What is PRAAX Sharpe ratio?
  12. What is PRAAX Finny Score? PRAAX buy or sell?
  13. What are the pros of investing in PRAAX? What are PRAAX buy reasons?
  14. What are the cons of investing in PRAAX? What are PRAAX sell reasons?

So let’s start. Scroll down to the question that interests you the most.

Fact Sheet

1. Describe Allianz Funds: AllianzGI NFJ Mid-Cap Value Fund; Administrative Class Shares (PRAAX).

The Fund seeks long-term growth of capital and current income by investing at least 65% of its assets in common stocks of companies with below-average valuations whose business fundamentals are expected to improve.

2. What are PRAAX top holdings?

PRAAX has 135 stock holdings and 0 bond holdings.

The top 10 holdings represent 14.24% of total assets. Here are the top holdings:

Name Symbol % Assets
Public Service Enterprise Group Inc PEG 2.01%
EMCOR Group Inc EME 1.50%
NiSource Inc NI 1.50%
DTE Energy Co DTE 1.48%
Tractor Supply Co TSCO 1.40%
Douglas Emmett Inc DEI 1.32%
Sempra Energy SRE 1.30%
Cincinnati Financial Corp CINF 1.28%
IQVIA Holdings Inc IQV 1.24%
Primerica Inc PRI 1.21%

3. What is PRAAX performance? What are PRAAX historical returns?

PRAAX has generated the following returns:

  • 1-month return is -0.28%;
  • 3-month return is -22.43%;
  • 1-year return is -12.10%;
  • 3-year return is -1.13%;
  • 5-year return is 3.56%;
  • 10-year return is 8.72%;
  • 15-year return is 6.26%.

4. How many up and down years did PRAAX have historically?

In the last 10 years, PRAAX had 7 up years and 3 down years.

5. What is PRAAX dividend yield?

PRAAX yield is 1.21%.

6. What is PRAAX minimum initial investment amount?

PRAAX minimum initial investment amount is $5.00K.

7. What is PRAAX expense ratio?

PRAAX expense ratio is 0.89%. The expense ratio of a fund is the total percentage of fund assets used for administrative, management, and all other expenses.

8. Does PRAAX have any sales loads or 12b-1 distribution expenses?

PRAAX 12b-1 distribution fee is 0.25. PRAAX front-end sales load is 0. PRAAX back-end sales load is 0.

9. What is PRAAX tax efficiency (tax-cost ratio)?

  • 1-year ax cost ratio is 2.24%;
  • 3-year ax cost ratio is 1.74%.

10. What is PRAAX beta? How would you assess PRAAX risk?

  • 3-year beta is 1.20;
  • 5-year beta is 1.15;
  • 10-year beta is 1.09.

11. What is PRAAX Sharpe ratio?

  • 3-year Sharpe ratio is -0.12;
  • 5-year Sharpe ratio is 0.13;
  • 10-year Sharpe ratio is 0.52.

Analysis

12. What is PRAAX Finny Score? PRAAX buy or sell?

PRAAX Finny Score is 44. Our quantitative analysis shows 4 reasons to buy PRAAX and 5 reasons to sell it, resulting in the Finny Score of 44.

13. What are the pros of investing in PRAAX? What are PRAAX buy reasons?

The following are PRAAX strengths from our perspective:

  • PRAAX 3-year return is -1.13%, which is higher than the 3-year return of the benchmark index (Russell Mid Cap Value TR USD), -2.41%.
  • PRAAX 5-year return is 3.56%, which is higher than the 5-year return of the benchmark index (Russell Mid Cap Value TR USD), 1.46%.
  • PRAAX 10-year return is 8.72%, which is higher than the 10-year return of the benchmark index (Russell Mid Cap Value TR USD), 8.23%.
  • PRAAX 15-year return is 6.26%, which is in line with the 15-year return of the benchmark index (Russell Mid Cap Value TR USD), 6.85%.

14. What are the cons of investing in PRAAX? What are PRAAX negatives?

The following are PRAAX weaknesses from our perspective:

  • PRAAX net assets are $35.30 million. This fund is not a popular choice with retail investors.
  • Warning: this fund has a 12b1 sales fee. The maximum 12b1 fee is 0.25%. A 12b-1 fee is an annual marketing or distribution fee on a mutual fund.
  • PRAAX expense ratio is 0.89%, which is not negligible. Is the fund expensive to you, and does it align to your investment strategy?
  • PRAAX 3-year Beta is 1.2, which is higher than the index (S&P 500 TR USD) 3-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 3 years.
  • PRAAX 5-year Beta is 1.15, which is higher than the index (S&P 500 TR USD) 5-year beta, 1.00. The fund is perceived to be riskier than the comparable index based on the previous 5 years.
In the PRAAX review, we covered PRAAX key stats (return, performance, yield, expense ratio, and holdings), buy and sell analysis, and alternative investments. If this review was helpful to you, feel free to check out other mutual fund and ETF reviews.
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